Ixora Ventures, a recently set-up Delhi-based early-stage venture fund and a consortium of prominent angel investors, has invested an undisclosed amount into Learnpedia, the Hyderabad based digitalized content provider for engineering test preparations.
Ixora Ventures, a recently set-up Delhi-based early-stage venture fund and a consortium of prominent angel investors, has invested an undisclosed amount into Learnpedia, the Hyderabad based digitalized content provider for engineering test preparations.
“Quality of content, strength in distribution, aggressive expansion plans and capabilities of the management team: Learnpedia has all the key ingredients to succeed in the unstructured test prep market in India,” said Nikhil Mulchandani, Partner, Ixora Ventures in a release.
“With the creation of a common national test for admission into engineering colleges across the country, it is estimated that over 2.8million students would require Learnpedia’s services. We aim to use the funds to improve content and add additional products to our offerings portfolio,” said Krishna Rao Akula.
Learnpedia, founded in 2012 by serial entrepreneur Krishna Rao Akula, aims at narrowing the learning gap faced by students by providing high quality learning aids and test analytics across digital platforms: DVD and on branded tablets. Its flagship product, JEE Studymate, launched last year, has received praise from students and teachers alike.
Learnpedia aims to utilize the funds raised towards improving content, ramping up sales activities as well as adding new products to their current portfolio.
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